Premier Low Rate
The Premier low rate home loan is a fuss-free approach to being handed the keys of your new home. Plus you have the freedom of unlimited redraws, and no monthly, annual, extra repayments or application fees.
- From (owner occupied)
- 6.24%
- 6.24% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Premier Low Rate home loan ≤70.00% LVR | 6.24% | 6.24% | — |
| Variable Premier Low Rate home loan ≥70.01% LVR | 6.49% | 6.49% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Solicitors and other parties actioning requests (may be payable) These fees and or charges may be payable and are determined by solicitors or other parties actioning requests. We are unable to ascertain these fees or charges up front until they charged, and they may vary. | Event | $0.00 |
| Default notice (enforcement notice) Payable each time we send you a reminder notice relating to a default on a loan | Event | $20.00 |
| Security discharge administration fee Payable when we process a discharge of a security over real property. | Event | $250.00 |
| Arrears reminder notice fee (per letter) Payable each time we send you a reminder notice relating to arrears on a loan | Event | $20.00 |
Features
- No application fees.
- No monthly fees.
- No Annual fees.
- Australia-based Contact Centre. — Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community
- Redraw facility
- Free loan redraw (min $50).
- Extra repayments
- No fees for extra repayments.
- Australian Government 5% Deposit Scheme — To access the Scheme, you need to meet borrower eligibility criteria.
Eligibility
- Purpose — Purchase/refinance owner occupied home, home improvements or any worthwhile purpose - excluding construction.
- Residency statusAustralian residents only.
- Minimum age18
- Individuals must have capacity. — Lending criteria.
Constraints
- Maximum LVR — 95%
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 843 · View on CDR.gov.au